Norway’s Höegh Evi is getting a new shareholder. Morgan Stanley Investment Management has sold its 50% stake in Larus Holding, the owner of the floating regasification specialist formerly known as Höegh LNG to funds managed by Igneo Infrastructure Partners.
Financial terms of the transaction expected to close in the first half of 2025 have not been disclosed. Aequitas will retain its 50% shareholding in Höegh Evi.
In September, the Erik Nyheim-led company rebranded as Höegh Evi (energy vector infrastructure) to reflect its focus beyond liquefied natural gas terminals and toward energy transition infrastructure.
The company had already made headlines with deals for floating hydrogen import terminals in France and Germany earlier this year and is on track to convert to the first hybrid FSRUs by 2028, enabling parallel imports of LNG and hydrogen.
“As we expand our focus to include clean energy solutions, Igneo offers deep expertise and resources to support innovation and further growth, aligning with Höegh Evi’s position as global leader in floating infrastructure for energy security and the transition,” said Morten Høegh,” chairman of Höegh Evi.
Morgan Stanley de-listed Höegh LNG from the Oslo Stock Exchange in May 2021 and took private the previously partially owned subsidiary Höegh LNG Partners from the New York Stock Exchange in September 2022.
